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Fly News Breaks for June 6, 2018
GPRO, AMBA
Jun 6, 2018 | 08:31 EDT
Cowen analyst Matthew Ramsay said he continues to view Ambarella (AMBA) as an undervalued computer vision IP asset with significant growth potential in the automotive and security cameras space. The analyst noted China uncertainty is an additional headwind, along with GoPro (GPRO) declines, but he said his long-term thesis remains unchanged. Ramsay reiterated his Outperform rating and $65 price target on Ambarella shares.
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